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video where romney said, 47% of americans saw themselves as victims. today the obama campaign released a devastating new ad that simply let's romney speak for himself while showing the faces of the 47%. >> there are 47% of the people that will vote for the president no matter what, who believe that they are victims, who believe that government has a responsibility to care for them, who believe they are entitled. they should take personal responsibility and care for their lives. >> seniors, veterans, the working poor, that's the half of america that romney is writing off. it's offensive. it's an offensive world view and on the campaign trail in virginia, president obama seemed offended by it. >> i don't think we can get very far with leaders who write off half the nation as a bunch of victims, who never take responsibility for their own lives. i know. i travel around a lot in virginia and across this country. i don't meet a lot of victims. i see hardworking virginians, i see students trying to work their way through college. i see single moms like my mom putting in overtime to raise the
much. happening now, a speech to the world. president obama at the united nations goes in depth on the turmoil in the middle east. also, mitt romney talking aid, trade and more drilling down on foreign policy. we're going to hear what he's saying. and the news many homeowners have been waiting for years to hear. i'm wolf blitzer. you're in "the situation room." >>> a brief break from the verbal sparring, the white house race. president obama stepped back in the global spotlight in new york today addressing the united nations assembly. he spoke at length about the turmoil in the middle east touting diplomacy and coalition building as the solution to the crisis to the region that's been vexing his administration. jessica yellin is traling with the president in new york. jessica, give us an update. what did the president say? >> reporter: wolf, when the president spoke here he had two major audiences, a global audience and a domestic audience. voters listening now to foreign policy issues with a new ear and a new eye after this violence in libya. and the president addressing it all
. president obama may well have known and we ask tonight why shouldent susan rice resign and why shouldn't hillary clinton resign and why doesn't the buck stop with obama himself? this evening, with 1.3% gdp collapsing business investment and a contraction in chicago fed manufacturing, our question is, is this a stall speed speed recovery or are the signs out there that we are going back in to recession? in in addition, want a clue to what balm's patriotic policies are? look at a france. today france instituted a 75% tax rate for millions. more taxes and spending is coming here and i will show you how. first up, 17 days since our ambassador and three american heros were murdered by terrorists in benghazi. the obama white house is chajing their story again tonight. listen to what susan rice told the sunday shows two weeks ago, that a was five days after the attack. >> what happened in benghazi is in fact initially a spontaneous reaction to what had transpired hours before in cairo. >> we do not have information at present that leads us to conclude it was premeditated or preplanned. we don
remain in place. still remain secure. >> we hope he is right. last month, president obama said his administration made clear to the syrian regime that if we start seeing a government moving around, quote: a whole bunch of weapons that would be a red line. so far there is no word from the white house about whether this latest movement means syria has crossed that red line. but the white house is taking other steps. we know that to target the syrian regime. in fact, today, secretary of state hillary clinton attended a meeting at the united nations and pledged another $45 million to help the opposition in syria. those rebels who are trying to force out their brutal and bloody leader. it's fox top story and jonathan hunt is in it -- on it live at the united nations tonight. do we have any indication of what those rebels, who are opposing rat jesus' name plan to do with that money? >> well, what we are told by 15 million of the 45 million will go towards communication equipment for the rebels. something that the u.s. has previously funded. the other 30 million, according to secretary o
, september 25. president obama delivers his fourth address to the united nations in new york today. topics include libya, iran, syria, and north korea. he will have remarks around noon eastern at the clinton global initiative. republican candidate mitt romney will speak first at the event, 9:00 a.m. this morning, live coverage on c-span 2. in the papers, all eyes focused on new york for the united nations gathering. we want to get your take on the united nations and global affairs. you can also send us a tweet. post your comments on facebook. or email us. let's start with the money. the united nations budget for its operations for 2012/2013. the breakdown like this -- let's look at peacekeeping efforts, that is a separate budget. this is all from the united nations web site and global solutions and reuters. the operational budget and the peacekeeping budget -- what you think the u.n.'s role is in global affairs? we will start with today's headlines -- here's the baltimore sun this morning with this headline -- we want to get your take this morning on the role of the un in global affairs. p
's the issue with 2011 here? >> well, look, obama has said i'm going to tax rich people and implying he's not going to tax you. in fact, he passed tax increases on average income americans many many times during his presidency. there are 20 different taxes in obama care that we will all be paying. in addition to that, of course obama's new promise that he won't tax rich people, he's got a new term limit on it, 12 months. only next year, after that we could have a vat or other things. so if you are obama and you intend to allow the bush tax cuts to lapse, so there's a 500 billion dollars tax increase on low income people, middle income people, all americans, you want to talk about anything other than the tax increases that you have scheduled. i mean he's running up trillions of dollars of debt over the next deca decade, according to his budgets. the only way he pays for them since he's not cutting spending is to raise taxes on everyone. what do they want to do? oh gee what did romney pay in taxes four or five years ago? that has nothing to do with anything. we ought to be reducing taxes
dollars worth o bt. >> reporter: students can borrow direct from the govement. now obama proposes to slow tuition growth by increasing state rants. yet he would need congress to help f that. >> i'm not going to go out and promise all sorts of free kn you're going to end up pang f. what iant to do is give you a great job so you'll be able to pay it back yourself. >>epr: mitromney's plan to help students, remove burdensome regulations and get the government out of the student loan business. romney says the flood of federal dollars just drives up tuition. molly broad of the american council on education says the recession's heavy toll on state budgets is also a factor. >> when the state reduces its support, the only other place to turn for most colleges in the public sector is to increase tuition. >> reporter: either way, students like jackie feel left out in the cold. >> a lot of people who don't have students in college or don't have kids my age just think, you're either wealthy enough to go to college or you get financial aid from the government. and it is aththat simple, but is not that
't the primary thing that i was doing. what i was doing mostly as documenting candidate and president obama backstage moments, his sort of authentic self off-camera and in that capacity i was able to be inside the bubble and document a lot of things that people normally don't get to see. before we dive into that i want to show you actually what that actually means. doesn't necessarily mean funny. he was no longer the prime minister of the netherlands so now i had to worry about -- factual inaccuracy. this is from my show which is a weekly wrap-up that details the president's activities that you can still see every friday morning at whitehouse.gov. yeah. actually that was an importunate weeper he decided that all week and i had to be like at some point we will have to -- this one gag is going to get all but that was my job. i got behind the camera and hung out backstage getting these moments that normally ran seen and it's important to realize with any type of motion picture technology people want -- it's not anything. in fact there was a fiction film with grover cleveland in 18, whatever th
in the country to put up against barack obama. >> i don't think there's anything that shows more empathy and care about the people of this country than that kind of rhetoric. >> i will repeal obama care and replace it with real health ca rm 10f ki in our state have health insurance. my state was a leading indicator of what liberals have been trying to do across t country. >> 100% of the kids in our state have health insurance. i was a severely conservative republican governor. i don't thk there's ything that shows morempnd c abtheof this country. i'm not familiar with precisely with what exactly i said but i stand by what i said whatever it was. ♪ >>> and it is on. yes, in person voting is under way in the first battleground state of iowa where lines were snaking out the door in many polling places today with voters eager to make their choice shcc t w house for the next four years. indeed, voters in 30 states are now casting ballots either by absentee or in person, including the battlegrounds of new hampshire, north carolina, wisconsin, and virginia. while they say vginis lo, y asor fighters wi
, president obama and governor romney gearing up for what could be a make or break first presidential debate. plus, the u.s. supreme court begins a brand new term very his that could effect us all. >> gay marriage, affirmative action, voting rights. those just a few of the controversial issues that the top court is expected to tackle. but tonight could the healthcare law be back on the agenda? plus the u.s. military suffered its 2,000th death in afghanistan. three more american troops are dead in a bomb attack tonight, what the latest could mean for the america's war. >> and does anybody remember where we parked the car? but first from fox this monday night. the race for the white house both president obama and the republic presidential nominee mitt romney are out west right now getting ready for their first debate this wednesday. there are a total of three presidential debates scheduled. the first one at the university of denver set to focus on domestic issues. it comes as the new national poll from "the washington post and abc news finds president obama leading 499% to 47% nationally. that
reserves of shale gas. and spokesman for mitt romney says the obama administration should formally their china a currency manipulator. semiannual report due on the topic released by treasury in mid october. >> it had stopped for a while and yuan was slowly moving up, but then with all the pressures with their economy, it's kind of turned around. >> when you start messing around with china as a political football on either side, election nearing and -- >> and tensions between china and japan got pretty bad. i heard the lexus is going to be slowing down production because wealthy people don't want to buy a japanese luxury sedan. >> a lot of people that were wealthy aren't quite as wealthy as they used to be. i think trump was always railing about china, too. >> in other news out of washington, the white house is reportedly prepare to go direct federal agencies to develop guidelines for owners of power, water and other infrastructure facilities. it would give the agencies 90 days to propose new regulations and create a new cyber security council at the department of homeland security.
of different speech in him and president obama. both iran and obama believe in supporting the opposition. the administration -- but romney and obama believe in supporting the opposition. i think this administration has recognized that the most important thing we can do is create a unified political opposition so that the when the sovereign regime falls, we will have a transition as soon as possible. without a clear exit strategy, which by the way it romney said it is how he would think about military affairs, the president understands we need to keep all options on the table and be cautious about it. there are many ways to make the situation worse, rather than better. we want to get the diplomatic contacts read so that there can be a smooth transition while also -- diplomatic context so that there can be a switcsmooth transition. this administration has been at the forefront on putting pressures on the regime. i am not sure that romney will read position is that much different. >> i will open it up to questions from the press. >> one of the country that was mentioned was -- i guess the q
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
the parties involved, how much our personal relationships between netanyahu, president obama, netanyahu, mitt romney, how much is that playing into what we'ree hearing about this and other issues? >> i don't think what the prime minister did yesterday had any, but i think people seem to discard the importance of personal relations. in a politics and international relations or even national affairs, not love affairs and not all about rumors. at the same time personal relations come and all you have to do to have this brought home to you is remember the very bad relations between president roosevelt in the second world war, a very great extent america's decision to enter the war, to help the united kingdom because of the disdain and distrust between those two leaders. i believe personal relationships to count and i hope whoever the next resident i is, relations between him and the prime minister of israel will be as they always were. warm, trustful, genuine and ones of great strategic alliance. connell: thank you very much for coming into the studio today. appreciate it. thanks. dagen: vast maj
. but pointless, really. going to lose to the reds one way or another. >>> both president obama and mitt romney will be in ohio today. the story behind that swing state. >>> welcome back. take a look and you'll see that the dow futures are slightly higher. s&p futures up by close to two and a half. this comes after the market ended on its weakest levels of the day yesterday. yesterday was the worst day for the month of september for the dow. it was the worst day in two months for the nasdaq and it was the worst day in three months for the s&p 500. all of that kind of playing out overseas as well. in europe this morning, you are going to see some red arrows. a lot of concern about what's happening as protests pick up in spain, and you see more concerns coming in greece right now about austerity measures. the german dax is down by about 1.5%. the nikkei in japan was down by 2%. >>> in "sporting news," the atlanta braves are on their way to the postseason in. the boft the ninth against the marlins last night, freddy freeman connected and takes it to straight center for a walk-off homer. exciting.
of an unstable system. every president has made the same promise to with roosevelt including mr. obama. if you would just follow my policies, these presidents have all said, not only what you get out of the current economic mess but, pregnant pause, we will thereby make sure this kind of economic crash does not afflict her children. every president has promised that no president has yet delivered on that promise. everyone has failed. we can't control it. the monetary policy commences for policy, federal reserve, seamless program. we were supposed to have this crisis. what moore had made to reduce jicama were told by mr. bush advisers that he was just in the housing market subprime mortgage would all work out. they regularly told us the federal reserve has just such on the quantitative easing program number three. the reason they pump money for the third time is because the first two didn't work you did recently had to to have multiple stimuli was because they didn't work. so it is a very unstable system. it is not clear what that is about, except that it's very deep, built-in and the reason we
are today. for president obama it is his thirteenth trip this year. he is stopping at two university's. mitt romney making three stops. he has been to ohio ten times since many. now back to melissa frances. rich: thank you so much. lovely and talented. president obama will easily win reelection in november. in trade prediction numbers showing him trouncing mitt romney 75% to 25%. wall street is buzzing about who will be president obama's next treasury secretary and charlie gasparino has the latest from the executive. charlie: i hate to say mitt romney is a loser now six weeks out. there's a lot of campaigning government of the oddball fbn -- melissa: sounds like four people abetting. charlie: the lot of people betting and it is usually right but it moves around a lot and it is usually right. in any event we are not announcing that romney is dead and the campaign is over. we are saying what they're saying and wall street and it is not just the traders that use it but used by traders and also inside the executive suites they don't see a chance for mitt romney winning and right now what they ar
barack obama and hill we clinton, and a moment came where-- while not the best friend in the world. and fade, they're working together -- >> for four years and working together as well. >> rose: we have an excellent relationship with president obama, excellent relationship with president clinton. pomititionititions are sometimer the rude, and there have been times in the france when there was a good-- and there have been times where we have been like that. but when chosen as our candidate, we had a concern, a blind conversation. and he "me, dwowpt to work with me. and well, yes, are you our candidate and i will help you and he appointed me as minister of foreign affairs and we are looking like that. >> rose: would you have rather gone minister of finance? >> no, no. possibly 7 the only position i could take. >> rose: where goes europe, the euro zone, the european union, the ideal of idea, the political idea of peerp because awe also attracted a lot of attention because of your own battles having to do with membership in hir. >> not exactly, but six years ago, seven years ago, becau
. under the leadership of president obama and the international community, the united nations has put them under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear nucleare on iran's weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. new's redlined helps keep the peace in europe for nearly half a century -- red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were dr
. >>> still to come this morning on squawk, president obama, mitt romney and their respective campaign staffers hitting the airwaves. we'll have some of the highlights. and in the next hour, we have two of the world's most renowned scholars in the field of energy. why they argue that the situation in iran could be a game changer for crude prices. meantime, iranian hackers are have said to have attacked jpmorgan and citigroup. we'll talk cyber security. and ask reputation.com's michael fertik is the nation's banking system is at risk. ffrs . >>> tomorrow on "squawk box," an hour with our guest host barry diller who ran pariramount and fox. we'll talk politics with jeb bush. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. >>> last night both mitt romney and president obama were on "60 minutes" and this was a chance to see both of the candidates. it was a very interesting way of watching about it, among the topics th
europe's crisis. >> and president obama is set to address the u.n. general assembly in new york a day after inflammatory comments from ahmadinejad. we're looking for a bit of a rebound after closing lower yesterday. dow jones trying to add about 10, 11 points here. nasdaq and s&p also looking to add here. but again, this follows a down day yesterday. but it was a monday, so what do you expect. global 300, we can focus in here on the european bourses because we were across the board same thing, indecisive attitude. ftse 100 basically flat. xetra dax 4/10 of a point. cac 40 down 0.4%, so not just germany. ibex 35 trying to add 0.3%. it did just auction off debt paying a little bit more for those 12 month bills than last time. >> we did see as kelly rightly says yields slightly higher. spanish debt yields there also slightly higher. look at this, ten year u.s. yield now 1.69%. so we are back to the levels if not below the levels we were at before the fed announced another bout of quantitative easing. euro-dollar pretty much at the levels we were at this time yesterday. dollar-yen is weak
discussed would offer opportunities for governor romney or president obama to score political points. and what that argument might sound like on these issues. is there any chance that either of them will try to do something like this? >> i think it would be a reference back. because the economy takes all the oxygen out of the election with a little bit of foreign affairs, the supreme court does not play against undecided voters. it is a motivator to get out and get to the polls. you want this person to replace justice ginsberg when she retires for example. you want to know if there's any practical experience, and the obama at the lustration has declined to defend the defense of marriage act. present romney might decide he would defend the constitutionality of that statute. it does seem like that has a lot of salience and presidential debates. i.t. think it will not happen. here is why. no major national political figure has attacked as publicly since 1996 or before. it is remarkable. the republicans were seeing some political profit in attacking affirmative action given the polls. th
all registered voters, obama hold as five point lead, but 52% of them are being a stros swi acrosses swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. d
span, c-span radio, and online at. in a few moments, president obama's speech to the un general assembly. in half an hour, mitt romney is that the clinton global initiative. after that, a discussion of relations between the u.s. and pakistan. >> watched and engage with c- span, including our live debate preview starting at 7:00. post-debate, your reaction and comments. follow our live coverage on c- span, c-span radio, and c- span.org. >> president obama's speech to the u.n. general assembly include comment on the video that sparked protests in the muslim world, iran's nuclear program, and violence in syria. this is half an hour. >> i have the honor to welcome to the united nations his excellency, barack obama, president of the united states of america. >> mr. president, mr. secretary general, fellow delegates, ladies and gentleman, i would like to begin today by telling you about an american named chris stevens. chris was born in a town called grass valley, california, the son of a lawyer and a musician. as a young man, chris joined the peace corps, and taught english in morocc
action until a new administration comes in, either romney or barack obama in the second term. secondly, the administration has been certainly cautious about a sort of intervention, military intervention in syria. libya and syria are apples and oranges that they are quite different. libya was isolated regionally and internationally in a way that syria is not. it has the support of her rant, support russia as well as other countries that complicate the regional level and international level. finally, there've been calls to record the safe havens. i'm not a military expert, but everyone i console say that requires a no-fly zone. syria has mr. advanced and sophisticated system provided by the russians that libya did not have. there'll be much more difficult and dangerous for an assertive u.s. coalition coalition to go when in terms of military intervention to create safe havens, establish no-fly zones. even in libya it was nec and syria again is just a much more difficult situation militarily. >> host: the title of your book, "syria: the fall of the house of assad," why that title? >> gues
, curtis. again a lot of people are fearful if obama wins re-election that is the path we're headed on. what do you expect to happen to tax rates if he is reelected? >> you know, president obama does want to raise taxes. i don't think we'll ever go back to rates in the 70s of 75%. we've been there, done that. i don't think we'll go back to level. however president obama wants to raise them from 35% today to above 40% starting next year. that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know, right now we're at 35% and we have no growth. a lot of people point to the clinton years, you know what, we raised taxes and economy grew. go back and look at the in those
area today which a republican hasn't won in nearly 25 years. pennsylvania, that is. president obama sticks close to washington today, though, with three fund-raising events. both men were in virginia yesterday catering to the state's strong u.s. military and defense industry presence. mary jo is still with us. is mitt romney in pennsylvania because he thinks there's a chance? how important is winning pennsylvania to him? >> pennsylvania is one of several battleground states in this election and it comes town really to a handful of states including ohio and florida and of course pennsylvania and virginia. the undecided vote so far is very small, but let's keep in mind at this stage ronald reagan in 1980 was running about five points behind jimmy carter. by mid october, he was 13 points behind and yet he won the election by nine points. >> what do you think will be that catalyst for swinging things in mitt romney's favor? >> a strong debate by mitt romney. there are three of them coming up. a misstep by the president. some sort of international incident to thinks that might come out a
on this is what it happens in the middle east is not for political reasons. i don't think -- sorry, the obama administration or the european administrations are more happy with the democracy than they were with dictators as, you know, i think it's a question of interest. what are the interests now? over the last ten years, the chinese economy present in the middle east was multiplied by seven. it's a very powerful presence, and the greek countries brazil, india, china, russia, south africa, turkey, indonesia, are playing a very important role in the region, and we don't talk about this, but it's -- there is a shift here, and for many reasons, it has -- it's going to have an impact. on the countries on the relationship between israel and other arab countries because remember china has not the same relationship to israel than the united states of america. this is a very big concern. what is going to happen in the region? we have to take these seriously. it's not just political, but economic and this is a second point which is the answer. the economic vision coming from the arab world, when i wa
by president obama himself. they do describe them as surgical tools and incest the result in minimal civilian casualties. y resultinsist the re in minimal civilian casualties'. it is impossible to carry out first hand investigations because of the presence of the army and militants. this report is a result of data gathered by independent groups. they believe that 170 our children, and that when it and e there are civilian casualties, the u.s. administration has not taken responsibility. the authors are also carrying the the legal basis of these strikes particularly when those targeted are not connected to the 9/11 attacks of the united states. >> thank you very much. still to come on gmt, relief for the british government as a court clears the way for the extradition of terrorist suspects. here in britain, police are appealing to in school teacher who has believed to run away to france with one of its pupils to do the right thing and make contact with them and th. concerns were raised before the disappearance. this report contains some flash photography. >> for a fifth day, the 15-year- old r
contributors to barack obama. so let's focus on the left side of the aisle this morning. we're using fresh data here from the center for responsive politics, focusing on donors who gave to groups that contribute some or all of their money to the presidential race. we're going to start with number five, jeffrey katzenburg, the ceo of dreamworks. he and his company have been lobbyists for a lot of copyright companies in washington as well as protection against china. katzenberg attended a lunch with biden and top chinese officials. after that, dreamworks has a jv with the son of china's president. going on to our number four on the list is jim simons. he is the founder of renaissance technologies. and he is the richest of the democratic dee nonors with a ne worth of $11 billion. education is a big issue for the democrats. math education and reform of public education, big issue for jim simons, who i'm sure will be a big voice for democrats. remember, president obama's change of position on gay marriage this summer, shortly after that, he got a big check from a guy named jon stryker, architect in
applauded president obama as new policy allowing the qualified young illegal immigrants to avoid deportation. the president calderon spoke on the council on foreign relations in washington, d.c.. it about the drug trafficking and the movement of weapons across the u.s.-mexico border. this is about an hour. >> to have the president of mexico felipe cow roane -- calderone. this meeting is on the record and it is being communicated by videoconference so we beg you, turn off all of your wireless devices, phones, blackberrys, not to vibrate, but off. it's the maximum time of the conversation with the president. my introduction will be an diplomatically short. if you have the president's resume if your papers that were given to you as you entered the hall. let me simply say that president calderone, the yondah stuff five boies earned a bachelor's degree in the law and economics, and master's degree in public administration at the john kennedy school at harvard university. he became, a supporter of the party for the national action party becoming the president of the youthful organization and in th
it as a china manipulate directory while obama accuses of profiting from jobs september overseas. >>> japan continues to take a hard line in its territorial dispute. let's go to the nikkei following the story for us. >> yes, prime minister noda is sticking to a hard line that japan will not compromise over its territorial issue dispute with china. in a speech to the urn and press conference yesterday, he stressed the islands are an integral part of japan and the issue should be settled under international law. but china reacted by saying china has broken international law. meanwhile the tensions continue to damage china related businesses. cancellations for flights to and from china have reached 40,000 seats. and production cuts are in china. >> stay there for one second. another story that we're following as relations between japan and china aren't going so well, japan may be getting companyier with myanmar. is that right? >> yes. the japanese government is teams up with myanmar's public and private sectors to set up a training center next spring. the aim is as to boost business skills to
if it was president obama gets re-elected, then at the high end you'll see the bush tax cuts not extended for the high end. and then -- but if romney wins it, you would see them all extended. is there one that would have a better outcome in your view? >> you know, i think there's a -- there's a tension between two different things here. on the one hand, there's a sense that in the very near term with a weak overall economic performance continuing that raising levels of taxes wherever in the distribution may have some negative effects on economic growth. and then there's a harder long-term question, frankly, which is how tax rates on capital gains, on dividends which feed through a somewhat complicated channel by encouraging various kinds of saving activity and ultimately lowering the cost of capital to businesses and encouraging investment, how that translates into long-term economic growth. that is frankly a difficult chain to try to measure in any precise way, and consequently it's harder to be able to trace through the quantitative impacts on growth to follow through on channels for that. >> to fol
obama. > > what about contractors? you're finding that as full- time employees are dropping, those numbers are dropping, that in fact 1099 people, the contractors, are increasing. > > right, certainly some of what we're seeing, if there are jobs that are being added, or at least keeping us from dropping further, is that we're seeing more independent contractors added as opposed to full-time workers. that creates a challenge for people, because you don't have the comfort of a long-term, stable job. you don't often have the health insurance. you have to pay in for your own social security benefits. it's more challenging for the work force. > > what is the one thing that small businesses would like to see - outside of a new president - to really give them the kickstart they're waiting for? > > the number one thing we're hearing from small businesses is not easy to fix, and that is they need demand. they need more demand for the services and products that they sell. > > and that's sort of a chicken-egg... > > right. and until we figure out how to do that - and there's lots of ways of d
, that, those are things that can help the economy. i don't see anything in the obama campaign that will help the economy. he has a debate, they have a debate on concerns wednesday. do you think that he should begin the debate by focusing on his tax plan? >> wiser political people than i will have to make that call but i would certainly think it would be an opportunity to explain to the public that cutting taxes is a way of encouraging people to invest, to expand, hire and that's really what the economy needs. david: finally, the federal reserve board, you have been critical of the federal reserve board and its actions. some people say ben bernanke says, while there is no inflation there is not necessarily an economic cost to doing all of the bond buying they have been doing, the money printing they have been doing. is there a cost and if so, what is it? >> i think there is a longer term risk. i think right now it is doing very little good. lowering interest rates at a time when mortgage rates are at rock bottom, when corporations are awash in fund, doesn't do any good. i think
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